Snap beat Wall Street's expectations for quarterly revenue and user growth on Thursday, as improvements to its advertising system delivered results faster than anticipated. Shares of Snap spiked 25% to $14.32 in after-market trading. The owner of photo messaging app Snapchat has been working over the past year to improve how it targets ads to users and simplify the way people interact with the ads. The company has historically struggled to compete against much larger rivals like Facebook owner...
shares rallied in extended trading on Thursday after the company reported
Snap shares soared on Friday after the company provided uplifting results, suggesting its online ad business is getting back on track.
Netflix announced its strongest start to the year since 2020 thanks to a crackdown on password sharing and the release of popular exclusive films and shows.
Netflix topped earnings expectations Thursday, reporting that profit and subscriber ranks grew as its heavy bet on a rich content line-up paid off amid a crackdown on password sharing.The leading streaming television service said it gained 9.3 million subscribers in the recently ended quarter, raising the total to 269.6 million.Netflix reported a profit of $2.3 billion on revenue of nearly $9.4 billion in the quarter, compared to a net income of $1.3 billion on $8.2 billion in revenue in the...
Netflix topped earnings expectations Thursday, reporting that profit and subscriber ranks grew as its heavy bet on a rich content line-up paid off amid a crackdown on password sharing.
Netflix topped expectations Thursday as it reported 9.3 million new subscribers and profits of $2.3 billion in the first three months of the year. Silicon Valley-based Netflix had bet heavily on its content lineup to win fans, with subscribers now totaling 269.6 million. "With more than two people per household
The streaming giant said it added 9.3 million subscribers in the first three months of the year.
Chipotle Mexican Grill topped Wall Street's expectations for its quarterly
World stocks have risen led by tech names as attention shifts to earnings from US megacaps, while the yen was mired near 34-year lows, keeping traders wary of intervention from Japan. An after-hours surge in shares of electric vehicle maker Tesla, following its promise of new models, and upbeat earnings from some US companies lifted […]
AT&T Inc. beat analysts' estimates for profit in the first quarter as it added more wireless phone customers than expected.
AT&T Inc. beat analysts' estimates for profit in the first quarter as it